A loan of $850 helped a member to purchase potato seeds.

Chynygul Erkaeva's Group's story

Chynygul E., 27, is the leader of this group. She is a resident of the small southern town of Kadamjai. Chynygul is married and has three sons aged five, three and two months.

Chynygul had good teachers in her teenage years. Her parents were well-skilled farmers and they imparted practical skills to her from the age of 16 onwards.

Chynygul and her husband run a family business. They cultivate agricultural products such as vegetables, grain and fruits. Almost 90 per cent of Chynygul’s harvest is potatoes. It’s probably the main vegetable, along with onions and carrots, in use in main meat dishes. The couple use their business profits to help cover the costs associated with their children and household.

According to Kyrgyz tradition, a religious ritual has to be organized in honor of a toddler. Chynygul would like to invite many guests and organize a grand ceremony, but she’s worried that she has a lack of funds. Chynygul’s monthly income is 4,000 KGS. She and her group members applied for this loan because they are in urgent need of funds, and they know how to spend them wisely. Chynygul would like to purchase seed potatoes, which are a significant part of her crop cultivation. In the future, she wants to expand her land and sow more products.

Where did this loan come from?

This loan is brought to you by Mol Bulak Finance, a young and ambitious socially-focused MFI in Kyrgyzstan. Mol Bulak Finance is strongly committed to the principles of sustainable development on the basis of the 3-Ps concept: People (building human capital and taking care of its customers and society as well), Profit (to be profitable in order to grow further), and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about Mol Bulak and view a video presentation about the organization, please visit: www.kiva.org/about/aboutPartner?id=135.

If you would like to support and learn more about Kyrgyzstan and microfinance in Central Asia, please join our Lending Team – Supporters of Kyrgyzstan – at www.kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from Mol Bulak staff.

In this group: Chynygul, Komiljon, Nurhan

Loan details

Lenders and lending teams

Loan details